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What is apricot corporation income tax liability

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Reference no: EM132042525

Question - In 2014, Apricot Corporation had book net income of $120,000. Included in book net income was a $10,000 capital gain. The $120,000 net income does not include a $15,000 capital loss carry forward available from the previous year. What is Apricot Corporation's 2012 income tax liability before any tax credits?

Reference no: EM132042525

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